Bloomberg UK Politics Cotton Concerns: Shein Dodges MP Questions Ahead of Potential London Listing
Jan 8, 2025
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Shein's Stock Market Listing Scrutiny
- Shein, a fast-fashion retailer, faces scrutiny over its supply chain practices ahead of a potential London stock market listing.
- MPs question the company's ethics and transparency.
Shein's Evasive Answers on Cotton Sourcing
- Liam Byrne repeatedly questioned Shein's EMEA General Counsel, Yinan Zhu, about the origin of their cotton.
- Zhu evaded the question, leading to Byrne's frustration and accusations of contempt.
Shein's Transparency Issues
- Shein's lack of transparency regarding its supply chain raises concerns about potential forced labor links.
- This contrasts with competitor Temu, which assures no Xinjiang sellers on their platform.